Utah statute
Utah Code Ann. § 76-17-301 — Definitions.
Current through 2026 General Session
Part of Part 3: Offenses Concerning Pyramid Schemes, Utah Code.
Full text of Utah Code Ann. § 76-17-301
Statutory text current through the 2026 General Session. This publication reproduces the official statutory text; it is not the official statutes of the State of Utah.
As used in this part: (1)(a) "Compensation" means money, money bonuses, overrides, prizes, or other real or personal property, tangible or intangible. (1)(b) "Compensation" does not include payment based on the sale of goods or services to anyone purchasing the goods or services for actual personal use or consumption. (2) "Consideration" does not include: (2)(a) payment for sales demonstration equipment or materials furnished at cost for use in making sales and not for resale; or (2)(b) time or effort spent in selling or recruiting activities. (3) "Person" includes a business trust, estate, trust, joint venture, or any other legal or commercial entity. (4) "Pyramid scheme" means a sales device or plan under which a person gives consideration to another person in exchange for compensation or the right to receive compensation that is derived primarily from the introduction of other persons into the sales device or plan rather than from the sale of goods, services, or other property.
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